LONDON, Dec 9 (Reuters) – The Bank of England said on Friday that it would work with Britain’s finance ministry to ensure a safe and competitive financial system, in a response to a raft of regulatory proposals released earlier in the day.
“We look forward to working with HMT (Treasury) on the proposals announced today, and will continue to maintain a safe and sound financial system which supports the UK’s position as a major global financial centre,” a BoE spokesperson said.
Reporting by David Milliken; editing by William James
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